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Kenz300 x
China Observer
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Comments by "Kenz300 x" (@KJSvitko) on "Honda Asks 1,700 Chinese Workers to Resign; Auto Layoffs Surge Again. No More Good Days for Chinese" video.
China's economy will further decline in 2024. There will be stock loses. Bond loses, more property developer bankruptcies, more retail store closings, more bank bankruptcies, more local governments going broke and more unemployment. China has not hit the bottom yet. More pain to come. Only a huge national government bailout can slow the decline and the damage.
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The future is electric BEVs. Honda, Toyota and other Japanese manufacturers need to adapt to new technology or they will go bankrupt.
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@yo2trader539 How long did it take to go from land lines to cell phones. New technology changes everything. Nokia and Kodak were leaders in their fields and now not so much.
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